Question

Which of the following is the principal concern of economics?

The production and exchange of goods and services in light of limited resources
The factors of production flow in a circuit between input and output markets
The difficulty for business firms to profit from supplying non-rival goods
The big picture of the flow of wealth within and between whole nations
Identifying actions for which no trade-offs are necessary

Answer 1

Answer:

i think it's the first option

Answer 2

Answer:

Trying to satisfy unlimited wants using scarce resources means that a choice must be made. Results in choice and opportunity cost.

Please give me brainliest! you would get 25% as well!